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Pennant International ( (GB:PEN) ) has provided an update.
Pennant International said it expects its 2025 results to be in line with market expectations, reporting revenue of about £10m, a reduced statutory loss before tax of £2.6m and sharply lower net debt of £0.2m, supported by property disposals and fresh funding. Despite lower revenue year-on-year, the group maintained gross margins around 50%, expanded its three-year contracted order book to £23.3m, grew Auxilium software annual recurring revenue to a record £2.4m through new geographies and sectors, and secured up to £9.5m of training systems contracts, giving management confidence in a three-year strategy targeting higher software ARR, recovery in technical services and improved profitability by 2028. Entering 2026 with roughly three-quarters of forecast revenue already covered by contracted work and expecting ARR to exceed £3m by year-end, Pennant aims to reach break-even adjusted profit before tax and positive operating cash flow, funding continued Auxilium development internally as it capitalises on rising global defence demand for integrated product support and leverages new channel partnerships including a global OEM deal with Siemens.
The most recent analyst rating on (GB:PEN) stock is a Hold with a £22.00 price target. To see the full list of analyst forecasts on Pennant International stock, see the GB:PEN Stock Forecast page.
Spark’s Take on GB:PEN Stock
According to Spark, TipRanks’ AI Analyst, GB:PEN is a Neutral.
The overall stock score is driven by weak financial performance and technical indicators, offset by positive corporate events. The company’s ongoing financial challenges and negative valuation metrics weigh heavily on the score, while recent strategic moves provide some optimism for future stability.
To see Spark’s full report on GB:PEN stock, click here.
More about Pennant International
Pennant International Group is a Cheltenham-based, AIM‑quoted technology company providing systems support software, technical services and training solutions for complex, safety‑critical assets. Serving aerospace, defence, rail and adjacent sectors such as shipping, nuclear and space, the group generates recurring revenues through its Auxilium integrated product support software, complemented by technical services and project-based training systems, and is strategically shifting toward higher-margin software and services across its global footprint in the UK, North America and Asia-Pacific.
Average Trading Volume: 49,821
Technical Sentiment Signal: Sell
Current Market Cap: £9.51M
For a thorough assessment of PEN stock, go to TipRanks’ Stock Analysis page.

